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6 days ago · Home equity investment products gain steam amid growing legal scrutiny. Companies announced new product rollouts and capital raises last month, but some are also facing lawsuits as the industry encounters heightened attention to the lack of consumer protections. Stay up-to-date with Asset Securitization Report's news analysis and data on deals ...
ABS - Asset Securitization Report
GLS gets ready to raise $344.7 million in auto ABS. Notes benefit from overcollateralization of 2.60% of the initial pool. Subordination and a sequential payment priority will cause enhancement to be built up in the transaction, with overcollateralization reaching …
Credit card portfolios see higher charge-offs, delinquencies
Sep 24, 2024 · Beyond the surface, however, the quality of credit card asset-backed securities is still strong, according to analysts. Average rates for credit card charge-offs increased by 23.7% in the second quarter, versus the same period a year ago. Delinquencies also increased, hitting 1.46% by June 2024, analysts at Moody's Ratings wrote in a sector update.
BMW sells $1 billion in ABS, backed by truck and car leases
3 days ago · BMW Vehicle Lease Trust's second deal of the year issues at least $1 billion in asset-backed bonds secured by a pool of 21,204 auto lease contracts extended to prime borrowers. The note balance can be upsized to $1.2 billion in auto ABS, according to Moody's Ratings, and the pool size can be increased to 26,514 contracts.
Americor debt management loans to secure $105.9 million in ABS
4 days ago · Americor Funding, a debt management company which offers unsecured loans to consumers, is raising $105.9 million in asset-backed bonds through the AMCR ABS Trust, series 2024-A. Credit9 is the sponsor, servicer and administrator on the deal, according to ratings analysts at Morningstar DBRS. The transaction will issue notes through three ...
Strong ABS issuance and performance seen in May | Asset …
Jun 18, 2021 · Strong ABS performance and solid issuance mark early months of 2021. As the asset-backed securitization market closes in on the half-year mark, the various subsectors are experiencing different stories in terms of the pace and strength of note issuance. In a quick snapshot of the market, overall issuance for May totaled about $23 billion ...
10.3.24 ABS League Tables | Asset Securitization Report
6 days ago · Notes benefit from overcollateralization of 2.60% of the initial pool. Subordination and a sequential payment priority will cause enhancement to be built up in the transaction, with overcollateralization reaching 4.5%.
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Asset Securitization Report is the leading information resource for professionals in the securitization and structured finance sectors. In addition to news and commentary on asset-backed securities, collateralized loan obligations and other related topics, ASR offers an extensive archive, industry rankings and a comprehensive database with tranche-level information on more than 10,000 deals.
Current regulatory capital proposals burden ABS | Asset …
Jan 24, 2024 · Banks say current capital proposals would burden securitization market. In recently submitted comment letters, top U.S. bank representatives and a coalition of congressmen adamantly opposed the banking regulators' proposal reflecting the Basel III capital recommendations, identifying securitizations as an area that will be particularly impacted ...
7.11.2024 ABS Totals | Asset Securitization Report
Jul 11, 2024 · The collateral pool is the largest in a year from the securitization program, whose yields are expected to range from 4.75% to 5.35%.